Common use of Voluntary Termination of Purchase and Reinvestment Obligations or Reduction of Purchase Limit Clause in Contracts

Voluntary Termination of Purchase and Reinvestment Obligations or Reduction of Purchase Limit. Seller may, upon at least 15 days' prior written notice to the Administrator, either (a) terminate Purchaser's commitment to fund Purchases and Reinvestments hereunder, or (b) reduce the Purchase Limit to an amount not less than $50,000,000; provided, however, that (i) each partial reduction of the Purchase Limit shall be in an amount equal to $1,000,000 or an integral multiple thereof, and (ii) after giving effect to such reduction, the Capital will not exceed the Purchase Limit as so reduced. The Purchase Limit may be increased upon the request of Seller and the written consent of the Administrator and Purchaser thereto, which consent may be granted or withheld in their sole discretion and may be subject to such conditions as they may require.

Voluntary Termination of Purchase and Reinvestment Obligations or Reduction of Purchase Limit. Seller may, upon at least 15 60 days' prior written notice to the Administrator, either (a) terminate Conduit Purchaser's option to fund, and each Committed Purchaser's commitment to fund make, Purchases and Reinvestments hereunder, or (b) reduce the Purchase Limit to an amount not less than $50,000,00025,000,000; provided, however, that (i) each partial reduction of the Purchase Limit shall be in an amount equal to $1,000,000 or an integral multiple thereof, and (ii) after giving effect to such reduction, the Capital will not exceed the Purchase Limit as so reduced. Any such reduction of the Purchase Limit shall reduce each Committed Purchaser's Commitment on a pro rata basis. The Purchase Limit may be increased upon the request of Seller and the written consent of the Administrator and each Purchaser thereto, which consent may be granted or withheld in their sole discretion and may be subject to such conditions as they may require.

Voluntary Termination of Purchase and Reinvestment Obligations or Reduction of Purchase Limit. Seller may, upon at least 15 60 days' prior written notice to the Administrator, either (a) terminate Conduit Purchaser's option to fund, and each Committed Purchaser's commitment to fund fund, Purchases and Reinvestments hereunder, or (b) reduce the Purchase Limit to an amount not less than $50,000,00025,000,000; provided, however, that (i) each partial reduction of the Purchase Limit shall be in an amount equal to $1,000,000 or an integral multiple thereof, and (ii) after giving effect to such reduction, the Capital will not exceed the Purchase Limit as so reduced. Any such reduction of the Purchase Limit shall reduce each Committed Purchaser's Commitment on a pro rata basis. The Purchase Limit may be increased upon the request of Seller and the written consent of the Administrator and each Purchaser thereto, which consent may be granted or withheld in their sole discretion and may be subject to such conditions as they may require.

Voluntary Termination of Purchase and Reinvestment Obligations or Reduction of Purchase Limit. Seller may, upon at least 15 60 days' prior written notice to the Administrator, either (a) terminate Purchaser's commitment to fund Purchases and Reinvestments hereunder, or (b) reduce the Purchase Limit to an amount not less than $50,000,00025,000,000; provided, however, that (i) each partial reduction of the Purchase Limit shall be in an amount equal to $1,000,000 or an integral multiple thereof, and (ii) after giving effect to such reduction, the Capital will not exceed the Purchase Limit as so reduced. The Purchase Limit may be increased upon the request of Seller and the written consent of the Administrator and Purchaser thereto, which consent may be granted or withheld in their sole discretion and may be subject to such conditions as they may require.

Voluntary Termination of Purchase and Reinvestment Obligations or Reduction of Purchase Limit. Seller may, upon at least 15 60 days' prior written notice to the Administrator, either (a) terminate each Purchaser's commitment to fund make Purchases and Reinvestments hereunder, or (b) reduce the Purchase Limit to an amount not less than $50,000,00025,000,000; provided, however, that (i) each partial reduction of the Purchase Limit shall be in an amount equal to $1,000,000 or an integral multiple thereof, and (ii) after giving effect to such reduction, the Capital will not exceed the Purchase Limit as so reduced. Any such reduction of the Purchase Limit shall reduce each Purchaser's Commitment on a pro rata basis. The Purchase Limit may be increased upon the request of Seller and the written consent of the Administrator and each Purchaser thereto, which consent may be granted or withheld in their sole discretion and may be subject to such conditions as they may require.